on our most susceptible residents. This genteel state, that calls it self destination for enthusiasts, is someplace for predators. Many states Virginia that is surrounding Carolina, western Virginia, and Maryland) prohibit automobile name loans, which typically charge 200-300% interest regarding the loan. The loan company can repossess the car and sell it if a borrower misses a single payment. Approximately 20% of vehicle name loans end up in repossession. Car title lenders repossessed 20,000 automobiles in Virginia in 2014.
Although some states enable pay day loans, Virginians spend three times more interest than borrowers in Ohio and Colorado — the legislatures in those states have actually enacted reforms that are lending. 続きを読む For way too long Virginia has furnished a safe haven for predatory loan providers to victim